SupplierType
SupplierType is a classification used to categorize different kinds of entities that provide goods or services to an organization. This categorization helps businesses manage their supply chains more effectively, understand their supplier relationships, and optimize procurement processes. Common supplier types include raw material suppliers, component suppliers, finished goods suppliers, service providers, and indirect material suppliers.
Raw material suppliers provide the basic inputs needed for manufacturing processes, such as metals, chemicals, or
Understanding and segmenting suppliers based on their type allows businesses to tailor their engagement strategies. For